So far as I know the owner is still Tom Ciola from Orlando. He told he once he invested US$7 million in the property, including what he paid for it and the renovations and building he did.

It is beginning to look a bit run-down now, but I would think most of it is still in pretty good basic condition.

As to what it is worth now, I have no idea. Some of the local real estate people probably have their ideas. Something in the several millions I would guess, though the value is basically predicated on what the U.S. economy does -- if the U.S. economy remains strong, the property is worth a lot. If it tanks, the property is worth very little. Ditto any property in Belize. There is almost no local market for property in Belize -- the only market for Belize property is from the U.S., and to far less degree from Canada, Taiwan and Europe.

--Lan Sluder
Belize First Magazine http://www.belizefirst.com/
Adapter Kit: Belize (out now from Avalon)


Lan Sluder/Belize First
http://www.belizefirst.com